Senate Majority Leader Harry Reid's decision to blow up the filibuster on presidential nominations may raise new fiscal crisis risks.» Read More
WASHINGTON, Oct 30- The U.S. House of Representatives voted on Wednesday to scale back a much-debated provision of the Dodd-Frank Wall Street reform law, handing bank lobbyists a token victory in their fight against the tougher rules.
NEW YORK, Sept 17- When Barney Frank, former U.S. $300 trillion derivatives markets, he felt the key was to foster competition.
NEW YORK, Sept 15- A few years ago, Larry Summers, then the director of President Barack Obama's National Economic Council, held a private meeting with some of Wall Street's top bankers and executives.
Regulators have written 14,000 pages and finalized 155 rules of the Dodd-Frank Act since Washington vowed to fix Wall Street, reports CNBC's Kayla Tausche. Retired Mass. Rep. Barney Frank (D) discusses whether the bill can accomplish that.
The United States, the European Union, Britain, Japan and other nations should come up with a regulatory regime that works across all borders. One common derivative, for example, an exchange-rate swap, allows parties in the United States to get payments in U.S. dollars while those in Europe are paid in euros.
Former Rep. Barney Frank, (D-MA), explains why he is attending SALT and whether there is a discrepancy between Wall Street and the rest of the country.
Former Congressman Barney Frank, (D-MA), discusses how he heard the news about the Boston area lockdown, and its impact on the city.
An effort is building in Congress to change marijuana laws, including moves to legalize the industrial production of hemp and establish a federal pot tax.
Is it time to put spending cuts front and center in the debate? Rep. Barney Frank (D-MA), discusses the odds of getting a deal on the fiscal cliff. "The country is ready for substantial reductions in military spending," he says.
WASHINGTON, Nov 1- Wells Fargo has gone to court to challenge a financial-crisis lawsuit recently brought against it by the Justice Department, saying a prior multi-bank $25 billion mortgage settlement already cleared it of some liability.
*CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit in a rare show of broad corporate unity.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. NEW YORK, Oct 24- The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. Oct 24- The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses.
Rep. Barney Frank, a Massachusetts Democrat, defended JPMorgan from the recent lawsuit brought against it related to alleged fraud at Bear Stearns on CNBC’s "Closing Bell" Wednesday.
BOSTON-- The law that governs the nation's fisheries was passed 36 years ago to oust foreign boats working in U.S. waters. The law has become "an impediment to keeping the fishing industry alive," said Scituate fisherman Frank Mirachi.
A range of regulatory failures caused the financial crisis in 2008, and the Dodd-Frank Act will not prevent a future financial crisis, two bank executives told CNBC's "Squawk Box" on Wednesday.
Now's not the time to talk about breaking up the banks, Rep. Barney Frank (D-MA), told CNBC’s “Closing Bell” on Thursday. Frank was responding to former Citigroup CEO Sanford Weill’s call on Wednesday to separate commercial banks from investment banks.
Rep. Barney Frank, (D-MA), asks JPMorgan CEO Jamie Dimon why he thinks the derivatives business should be exempted from further regulation.
House Republican attempts to blunt Dodd-Frank's regulatory requirements on derivatives would remove transparency and "allow these prices to continue to be secret," Rep. Barney Frank told CNBC Thursday.
Two bills are making their way through congress that could substantially change how derivatives are regulated. Massachusetts Democrat Barney Frank discusses how the bills could gut key regulations from the Dodd-Frank Act.